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20121202
20121210
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was just elected. the only thing i'm honoring is the oath i take when i serve in january. >> they pledge 20 years ago, 18 years ago for that congress. if i were in congress in 1941, i would have signed a declaration of war against japan. i'm not going attack japan today. >> that's a good one. opposition to increasing taxes, the question you have to ask is why now? the most obvious reason has to do with the election results. tax rates for the wealthiest filers was debated. the raise the taxes side won. the cut taxes for wealthy people lost. in case you don't believe the votes cast, look at the polling. the deeper reason we are seeing a shift on the politics of taxes is that the actual facts of the matter change. when the great tax revolt started, americans were paying a lot of taxes. they challenged it into prop 13 in california and required a two-thirds majority to impose new taxes. years later, reagan won office promising to cut taxes especially for those at the top. now, 30 years later, americans are paying less in taxes than anytime in recent memory. a total tax burden, federal, state fo
election. >> children and poverty are exploding. >> also, we need higher tax rates for the tippy top earners because everybody likes to talk about building the middle class or rebuilding the middle class. the top tax rate that is built them in the '40s,' 50s and '60s. you can't stay at 37. -- >> we are talking so much -- i'm not saying we shouldn't be. it would be impossible to get republicans to sign off on a tax increase. obviously, you need to talk about raising the rates on the wealthy. are there other sorts of taxes that should be in the mix? i'm thinking a carbon tax or wealth tax. >> wall street doesn't want a carbon tax. if you want less of something, tax it. they want cap and trade to play games and not improve the environment. we need a discussion about tax policy but follow the principle, the greater the gain the greater the burden you bare. many conservatives think that. they are running the debate and totally ahistorical. >> i think this is a really important point about what else favors the wealthy in our tax system. one of the critical issues is the system of deduction
that has to do with coal. democrat, republican, marxist, whatever. whoever you would elect from west virginia they're going to vote a certain way on coal. and the fact that we now have this incredibly distributed development because of the fracking boom means a lot of different places now are geographically playing. that goes two ways. one way is we produce more senators from the state of west virginia and how they vote. the other is we produce this broad grassroots activactivism. >> look at this last election. why was president obama as muted as he was about climate and about oil and gas and coal production? well, virginia, colorado, ohio, pennsylvania. these are -- >> michigan. >> the way our electoral college is, we only worry about ten states invested in oil and fwas production. >> somes back to the economics as well. i look at my home state of pennsylvania where we had the early stages of huge boom of marcellus shale. hundreds of wells deployed. some companies are down to a couple wells. why? because the price has plummeted. the reason it's relevant to the politics is if this is
Search Results 0 to 3 of about 4 (some duplicates have been removed)

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